In Order to Obtain and Retain Qualified Status,a Pension or Profit-Sharing

question 114

True/False

In order to obtain and retain qualified status,a pension or profit-sharing plan must not discriminate in favor of highly compensated employees.

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Definitions:

Capability

The ability or attributes required to perform tasks or achieve certain results effectively.

Stock-Trading Algorithm

A set of rules or procedures designed to automatically guide the buying and selling of stocks in the financial markets.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Fraud

A deliberate deception practiced to secure unfair or unlawful gain, often involving financial transactions.